🏔 Ethereum Old Guard Meets (So Many) Newbies at ETHDenver

Hello Defiers! Here’s what we’re covering today:

News

• Delong Shares Lessons Learned at SushiSwap and the Need for Hierarchy in DAOs in Provocative Talk at ETHDenver
• Ethereum’s Old Guard Meets the Newbies at ETHDenver and There Are So, So Many of Them

Opinion

• Web3 Could Unleash Innovation by Overturning Age Bias in Startups

Podcast

• Listen to the exclusive interview with Sovryn’s Edan Yago:

Video

• Quick Take: OpenSea Phishing, Credit Suisse leaking

Links

• OSC flags Emergencies Act tweets by Kraken, Coinbase CEOs to RCMP: Regina Leader-Post
• Crypto exchange FTX US is launching a new gaming business: The Block
• Artist blows up Lamborghini to make NFTs — in protest against get-rich-quick culture: The Block
• 8 Things You Missed at EthDenver: Bankless
• Aave governance voted the first licensed bank to be listed as a whitelister to the institutional @AaveAave: Aave
• 10,000,000 $FTM volume traded on the #NFT marketplace: Fantom

Trending in The Defiant

• What’s Sifu Up To? Eponymous Token May Foreshadow New Project
• DeFi 2.0 Primer: Decentralized Finance is Poised to Expand its Reach But Challenges Loom
• Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity Update

The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

Subscribe now

🙌 Together with:

• $WEB3, by Archis the best of Web3 in a token. This methodology-first tokenized-index provides broad-market exposure to Web3. Its constituents represent roughly 70% of the ecosystem. Learn more!
• Eden Rocket RPC, providing the fastest private transactions on Ethereum (90%+ hashrate). Trade better anywhere on Ethereum with Eden Rocket RPC.
• ZerionZerion is Mission Control for Web3: an intuitive DeFi portfolio manager, multichain tracking & trading and the best place to show off your NFT collection
• SynfuturesList and trade any futures contracts based on popular cryptocurrencies, altcoins, indices, NFTs and real-world assets — you name it!

DeFi Governance

📝 Delong Shares Lessons Learned at SushiSwap and the Need for Hierarchy in DAOs in Provocative Talk at ETHDenver

FOUNDER “I think Uniswap Labs is doing a great job,” Joseph Delong, founder of a forthcoming DeFi project called Astaria said during a talk at ETHDenver 2022 on Friday.

CRITIQUED That the team who built Uniswap v3 has done strong work wouldn’t really be controversial across much of the crypto space, but Delong is also the recently departed chief technical officer of SushiSwap, the decentralized exchange (DEX) that was founded in 2020 as a direct response to Uniswap, a DEX for the people as opposed to one then heavily critiqued for being too entwined with venture capital.

LESSONS Delong made the comment at the end of his talk on why DAOs need hierarchy. Coming out of his time running one of DeFi’s most important projects, it had the feel of a sort of “lessons learned” from his time running one of the most grassroots organizations in DeFi: SushiSwap.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Communities

✊🏼 Ethereum’s Old Guard Meets the Newbies at ETHDenver and There Are So, So Many of Them

PUNK BREAKFAST CryptoPunks are relatively old, as far as Ethereum history goes, but the notion of punks as a community is newer. Tegan Kline, CEO of The Graph, a blockchain data company, told The Defiant about a 50-plus punk breakfast that took place Sunday morning toward the end of ETHDenver 2022.

COMMUNITY “Many said that it was one of the first punk events they’ve been to in person. Was great to foster a community that mainly started online and bring everyone together IRL,” Kline said.

CryptoPunks breakfast on Sunday, Feb. 20. Photo courtesy of Tegan Kline.

INTRODUCTIONS That was just one of many, many IRL gatherings that took place in the Mile High City over the last week. Introductions between people who had never met in person was a big theme through the former straight hackathon that has become a full on cryptocon with its latest iteration. With time, the larger Ethereum community may view last week’s Colorado gathering as a milestone.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Opinion

🧐 Web3 Could Unleash Innovation by Overturning Age Bias in Startups

Guest writer James Whitley says web3 has the potential to change worlplace behavior for the better.

EXPERIENCE Last week, it hit me: I was actually working at my first job putting together bankruptcy exit plans for a failing airline the year our protocol’s intern was born. After a bit of a panic and checking to see if my address was updated so I’d receive my AARP card (yes – I’m exaggerating), I spent a little more time reflecting on how I, a finance and management professional with nearly 18 years of experience, found myself as a contributor to a cutting-edge DeFi protocol.

FOUNDERS So why exactly would I choose a web3 opportunity rather than any of the numerous other startups I’ve decided not to pursue? Web3 is uniquely positioned to upend the age bias that exists in the traditional startup world because it’s cheaper and quicker to scale, positions older founders in a positive light for their careers, and facilitates the step-change innovations in industries that require a deeper level of expertise.

STEREOTYPE Ask someone to describe a startup founder, and they probably have the image of a twenty-something college dropout with a dream. (Think: either Elizabeth Warren’s “shadowy, faceless…super coders” or a young Steve Jobs tinkering away in a garage.) Investors, media, and people in the tech community themselves are all too happy to perpetuate the stereotype that innovation is exclusively the realm of youth. In fact, among employees, the bias is very real.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post

Eden Rocket RPC - Blast Your Trades On Ethereum To The Next Level

In 2021, Ethereum traders lost over $250 million dollars to malicious bots exploiting their trades. As DeFi continues to gain popularity, this number is expected to rise.

Eden Rocket RPC is a next generation private transaction service for Ethereum, providing traders with MEV protection by submitting transactions directly to miners and away from the prying eyes of harmful bots. Using Eden Network for Ethereum transactions results in better and safer trades.

While MEV protection does not require any stake, traders who stake $EDEN and use the Eden RPC on MetaMask, receive transaction block priority n and now with the release of staker extractable value (SEV), they are paid for every trade they make on Ethereum.

Eden Rocket RPC compiles some of Ethereum’s fastest private transaction networks, resulting in 90%+ effective hashrate. This makes Eden Rocket RPC the fastest private transaction network available protecting you from bots. On top of that Eden Rocket RPC users are paid to trade on Ethereum.

Launched on August 5th with EIP-1559, Eden Network successfully closed a $17.4 million dollar seed round led by Multicoin Capital with participation from Alameda Research, Jump Capital, Wintermute, GSR and DeFiance Capital. Genesis Capital executive Joshua Lim and Andre Cronje of Yearn.finance also participated as angel investors.

Join the best - get started with Eden Network today and trade safer.

The Tube

📺 Quick Take: OpenSea Phishing, Credit Suisse leaking

Links

🔗 OSC flags Emergencies Act tweets by Kraken, Coinbase CEOs to RCMP: Regina Leader-Post

The Ontario Securities Commission has contacted law enforcement agencies after tweets from the chief executives of two of the world’s most prominent cryptocurrency-trading platforms appeared to offer advice on how crypto users could evade emergency restrictions on funding for the protests roiling the country.

🔗 Crypto exchange FTX US is launching a new gaming business: The Block

FTX.US, the American affiliate of Sam Bankman-Fried's crypto exchange FTX, is launching a new gaming business.

🔗 Artist blows up Lamborghini to make NFTs — in protest against get-rich-quick culture: The Block

Earlier this month, an artist called Shl0ms, with the help of an explosives expert, blew up a Lamborghini worth just shy of $250,000.

🔗 8 Things You Missed at EthDenver: Bankless

ETH Denver just wrapped up. Over 12,000 people came to Denver to participate in the hackathon, attend the talks, meet other like-minded people, and go to parties.

stani.eth (👻,🌿) @StaniKulechovAave governance voted the first licensed bank to be listed as a whitelister to the institutional @AaveAave Arc market app.aave.com/#/governance/5… 👏👻

app.aave.comAave - Open Source Liquidity ProtocolAave is an Open Source Protocol to create Non-Custodial Liquidity Markets to earn interest on deposits and borrow assets with a variable or stable interest rate. The protocol is designed for easy integration into your products and services.8:42 AM ∙ Feb 22, 2022200Likes38Retweets

PaintSwap @paint_swap10,000,000 $FTM volume traded on the #NFT marketplace #fantom paintswap.finance

6:22 AM ∙ Feb 22, 2022175Likes36Retweets

Trending in The Defiant

• What’s Sifu Up To? Eponymous Token May Foreshadow New ProjectAfter the pseudonymous Sifu was revealed to be QuadrigaCX co-founder Michael Patryn last month, it would be easy to expect him to leave DeFi behind.
• DeFi 2.0 Primer: Decentralized Finance is Poised to Expand its Reach But Challenges LoomCompared to the walled gardens of traditional finance the benefits of DeFi offer a more ubiquitous range of financial tools for consumers.
• Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity UpdateSmooth Love Potion, a token earned by playing Axie Infinity, has been a white knuckle ride in recent months.

🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

Subscribe now

The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr)